About roymunson101

Biography

I'm here

Name:
Roy Munson
Sex:
Male 
Relationship Status:
In a Relationship with Dani
Local Time:
23 Oct 2017 00:50
Interests:
Lots
Favorite Books:
Very Little
Favorite Authors:
Very Little
Favorite Movies:
Lots
Favourite TV Shows:
Lots
Favorite Music:
Lots

Statistics

Date Joined:
02 Nov 2016
Last Visit:
22 Oct 2017
Page Viewed:
994 times
Friends:
1
Followers:
1
Days in Chat:
0
Days on Site:
14
Forum Posts:
28
Stories:
Badges:
2

roymunson101's Friends

Favourite Stories roymunson101's story followers »

No favourite stories listed.

Latest Forum Posts More forum posts »

Topic: Tax reform
Posted: 02 Oct 2017 07:17



http://akns-images.eonline.com/eol_images/Entire_Site/2015623/rs_500x311-150723102329-tumblr_inline_nqkfhsbGcG1r9iixy_500.gif

Your ass definitely gets special taxing treatment, cause my capital gains are always loooooooooonnnggggggg

Topic: Tax reform
Posted: 02 Oct 2017 06:25



Don't confuse tax rates (% of taxable amount) with taxes paid ($ actually collected by Treasury). Yes, Buffet probably paid more in $ than his secretary, but at least some of his taxable income (dividends and capital gains) was probably taxed at a lower rate than hers (wages).



Warren Buffet was being entirely correct when he pointed out that his secretary is taxed at a higher rate than he is..

I think you confused yourself by talking about nontaxable income instead of addressing the point that Buffett was making about tax rates. These are really two different tax concepts. I do, however, appreciate you reiterating the point I just made about dividends and long term capital gains..

Topic: Tax reform
Posted: 02 Oct 2017 05:16

A couple of quick points:

The U S tax code is only partly aimed at raising revenue. It's also about giving power seekers something to manipulate. The reason it's so complex, and has so many "loopholes" is because Congress wants it complex and full of loopholes. The word loophole in itself is often read as something that happened quite by accident. But that obscures the simple fact that many of them are actually "carve outs" designed to benefit one group of constituents or another in exchange for votes or campaign contributions. So the simple fact is that the tax code is complex because it's in Congress' interest to make it complex. Before you haul out your elephant gun, keep in mind that both major parties have been adding their own complications, and removing damn few of their opponents', since the Federal Income tax was established.

All meaningful tax reform is going to be spun as benefiting the rich and the middle class. The simple fact is that it's hard to cut the income taxes of people who pay no Federal Income Tax. And nearly half of all households in the USA pay no net Federal Income Tax. Many of them in fact receive "refunds" of more than they actually paid in in a kind of slight of hand THAT SHALL NOT BE CALLED WELFARE.

The jiggering of the Federal Income Tax rates is more political theater and slight of hand than actual tax reform. The simple fact is that changing those tax rates on the top brackets has very little effect on how much actual Income Tax the rich pay, because they tend to have little or no "taxable income". Not to say they're going broke, just that the money they make is not classed as "income." Remember who writes the tax code in the first place. Whether their name has a D or an R after it, they're rich and powerful. And they tend to look after their own interests before they look after yours and/or mine. Warren Buffet was being entirely correct when he pointed out that his secretary is taxed at a higher rate than he is. Her income is mostly taxable while his is not. How can this be? the rich have more tricks, err.... loopholes, available to them than the rest of us. As an example. Suppose you were some uber rich person living in The Dakota in New York City. Your entire fortune is invested in New York City issued tax free municipal bonds. It doesn't matter that your return on said bonds is under 1%. The key is this:

"For residents of New York City, City bonds may be triple-tax exempt. This means that investors who buy tax-exempt bonds may not have to pay federal, New York State, or New York City income taxes on the interest they receive."

Copied from here:

https://comptroller.nyc.gov/services/financial-matters/nyc-bonds/buy-redeem-bonds/purchase-nyc-bonds/

Now, the difference between our hypothetical uber rich person, and people like you and I is that like Paris Hilton, Barbara Streisand, Barack Obama, Donald Trump, George Soros, and others, they can afford to live on a 1% return on their accumulated wealth, and also afford to pay teams of tax specialists to find creative ways to limit their tax exposure. You and I cannot.

But the most obvious solution will never fly politically. Because it's not "progressive" enough. Suppose all deductions, exemptions, loopholes, and exclusions were wiped out. Suppose you just had to file a postcard stating your income for the year. Suppose the federal expenses were totaled up for the previous year and divided by the sum total of the amounts from all of those postcards. And the resulting number was the Federal Income Tax Rate for each and every taxpayer in the USA. The ultimate pay-as-you-go plan. No hordes of IRS agents poring over corporate returns that fill whole railroad boxcars. No more trips to H & R Block. Just fill out your card, attach your check and mail it in.

But wait, the Real Estate Agents will say, without the mortgage interest deduction the middle class will buy fewer houses. But wait, the Sierra Club will say, without tax subsidies, people will buy fewer hybrids. And so on and so forth ad nauseum.

So don't hold your breath for any meaningful tax reform, not now, not ever. It's as dead as the repeal of Obamacare.

That is not what Buffet was talking about. Buffet has a huge portfolio of dividend yielding stocks, so to think that his amount of taxable income is less than his secretary is absolutely laughable. He was talking about the special tax rate for qualified dividends and long terms capital gains, which are taxed at a maximum of 20% for regular income tax purposes. The top rate for other income (wages, interest, short term capital gains, annuity income, etc) is 39.6%.

Topic: Should i taste own semen?
Posted: 28 Sep 2017 06:19

Dude, go for it.

Also, a while back I saw a guy post about sucking his own dick, so maybe if he pops in he'll be able to give you some advice if you want to take tasting your semen to a whole new level.

Such a calm, peaceful, and tranquil response.

Topic: Do any girls sometimes look for a bf to have a dick to suck?
Posted: 06 Sep 2017 09:12



Fine with me, rimjob Roy.

That's roto-rooter Roy to you!!

Topic: Do any girls sometimes look for a bf to have a dick to suck?
Posted: 05 Sep 2017 18:10

Yes.

I have a different boyfriend for each possible sex act. Keeps things sanitary.

#SayNoToCrossContamination



Sweet. That means I can finally hook up with anal only Amanda and titjob Tiffany

Topic: What is your biggest sexual secret from your significant other?
Posted: 26 Aug 2017 09:11



I guess that's why she's so bitchy in the forums <img src="/forum/images/emoticons/evil6.gif" alt="evil4">

Awww man. Cut me some slack. I'm kinda slow. I only recently found her ass, but only because I was searching for you.

Topic: What is your biggest sexual secret from your significant other?
Posted: 25 Aug 2017 05:27

I have an extra clit.

It's a rare condition known as dual clitism.

He frequents the site, so I guess it's not a secret anymore.<img src="/forum/images/emoticons/embarassed.gif" alt="Embarassed">

Pfft. Obvious lie here. You don't even have ONE, that I've found yet.

Topic: Favourite TV show theme song
Posted: 10 Aug 2017 07:49

https://www.youtube.com/embed/579VU5GBJGQ

Topic: birthda
Posted: 12 Jul 2017 10:41



<img src="/forum/images/emoticons/bighugs.gif" alt="Big Hugs">



HAPPY BIRTHDAY to you

Thanks. I'm glad someone noticed.

back to top

Recent Activity All Blogs »

Badges Awarded To roymunson101 All Badges »

Friends Comments


Dani
Posted: 19 Sep 2017 07:16

Dani
Posted: 05 Jul 2017 17:17

Dani
Posted: 27 Jun 2017 09:02

Dani
Posted: 27 Jun 2017 09:01

Dani
Posted: 27 Jun 2017 08:46

Dani
Posted: 27 Jun 2017 06:44

Dani
Posted: 26 Jun 2017 13:44

Dani
Posted: 26 Jun 2017 13:20

Dani
Posted: 25 Jun 2017 22:10

Dani
Posted: 21 Jun 2017 18:04

Dani
Posted: 17 Apr 2017 06:23

Dani
Posted: 21 Nov 2016 14:06
back to top
 


Attach a note to this member, which only you can see.

Tell us why

Please tell us why you think this profile page is inappropriate.

Reason